SML Isuzu Limited announced the successful approval of two ordinary resolutions via postal ballot on July 14, 2025. The resolutions pertain to the appointment of Mr. Yasushi Nishikawa (DIN 11027072) as Director and as Managing Director & Chief Executive Officer of the company. The e-voting period commenced on June 14, 2025, and concluded on July 13, 2025.
| Resolution | Mode of Voting | Total Shares Held | Votes Polled | % of Votes Polled on Outstanding Shares | Votes in Favour | Votes Against | % of Votes in Favour | % of Votes Against |
|---|---|---|---|---|---|---|---|---|
| Appointment of Mr. Yasushi Nishikawa as Director | E-Voting & Postal Ballot | 14471646 | 8585284 | 59.3249% | 8585177 | 107 | 99.9988% | 0.0012% |
| Appointment of Mr. Yasushi Nishikawa as MD & CEO | E-Voting & Postal Ballot | 14471646 | 8585284 | 59.3249% | 8585129 | 155 | 99.9982% | 0.0018% |
Key Decisions
The appointment of Mr. Yasushi Nishikawa as Director and as Managing Director & Chief Executive Officer was approved with the requisite majority.
Voting Details
The voting results, as scrutinized by Mr. Kanwaljit Singh, a Practicing Company Secretary, indicate strong support for both resolutions. For the resolution regarding Mr. Nishikawa's appointment as Director, out of 8,585,284 votes polled, 8,585,177 votes were in favor, representing 99.9988% of the votes. Similarly, for his appointment as Managing Director & CEO, 8,585,129 votes were in favor out of 8,585,284, accounting for 99.9982% of the votes.
Management Commentary
The Scrutinizer's report, submitted by Mr. Kanwaljit Singh, confirms that the e-voting process was conducted in a fair and transparent manner. The report is based on the votes cast through e-voting, and the register of postal ballots will remain in custody until the Chairman approves the minutes.
Corporate Governance
The resolutions were passed in compliance with Section 110 of the Companies Act, 2013, and Rule 22(9) of the Companies (Management and Administration) Rules, 2014, as well as other applicable regulations, ensuring adherence to corporate governance standards.
